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Jun 30, 2022
Groupon Q2 2022 Earnings Report
Groupon's Q2 2022 results were announced, revealing a net loss but highlighting cost reduction plans and reiterated financial targets.
Key Takeaways
Groupon reported a global revenue of $153.2 million and a net loss of $90.3 million for Q2 2022. The company is implementing a cost reduction plan targeting $150 million in annual savings and is reiterating its 2023 financial targets, including a minimum of $100 million in free cash flow and an Adjusted EBITDA margin of 15-20%.
Global revenue reached $153.2 million.
Net loss amounted to $90.3 million.
Adjusted EBITDA was $5.7 million.
Company plans to lower annual expenses by $150 million and is executing a turnaround strategy.
Groupon
Groupon
Groupon Revenue by Geographic Location
Revenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Groupon has withdrawn its full year 2022 revenue and Adjusted EBITDA guidance due to the ongoing execution of its turnaround strategy and an uncertain macroeconomic environment. The company is reiterating its targets for 2023.
Positive Outlook
- Targeting $100 million in annual free cash flow in 2023.
- Targeting 15-20% Adjusted EBITDA margin in full year 2023.
- Creating a business model that should position the company to generate positive free cash flow every quarter, starting in the fourth quarter of 2022.
Challenges Ahead
- Uncertain macroeconomic environment.
- Withdrawn full year 2022 revenue guidance.
- Withdrawn Adjusted EBITDA guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income